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Epr Properties Announces $142 Million Acquisition Of The Village Vacances Valcartier And Calypso Properties

PUBLIC · EPRJun 02, 2022

Acquiring Company

EPR Properties

Acquired Company

Village Vacances Valcartier Properties

Kansas CityCommerce and ShoppingReal EstateCommerce And Shopping

Description

EPR Properties (NYSE:EPR) today announced that it is acquiring the Village Vacances Valcartier resort and hotel in Quebec City, Quebec, and the Calypso Waterpark in Ottawa, Ontario for aggregate consideration of approximately $142 million USD (approximately $179 million CAD) using cash on hand. Simultaneous with the acquisition, the Company is leasing these properties to Premier Parks pursuant to a long-term triple net lease.

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Company Information

Company

EPR Properties

Location

909 Walnut Street

Kansas City, Missouri, United States

About

EPR Properties (NYSE: EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have $6.5 billion in total investments across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.

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Frequently asked

Who acquired Village Vacances Valcartier Properties?

Village Vacances Valcartier Properties was acquired by EPR Properties, based in Kansas City. The deal was reported on June 2, 2022. EPR Properties (NYSE: EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. EPR Properties is publicly traded (EPR) and operates in Commerce and Shopping.

When did EPR Properties acquire Village Vacances Valcartier Properties?

EPR Properties's acquisition of Village Vacances Valcartier Properties was reported on June 2, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Village Vacances Valcartier Properties do?

Hôtel Valcartier is is located just 20 minutes from Quebec city and it is the ideal accommodation to enjoy our activities. It is privately held.

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